Depreciation Curve for Used Tractors

[deserteagle71]

Depreciation curve? Or appreciation curve?

I bought my old John Deere 2020 (early 60s model) in 1997 at a farm auction for $7000. TractorData has that model selling for $5800 new. Old Ford 8Ns and 9Ns are selling for around $4000 around here!

 

[Industrial Toys]

You MUST take the value of the money into account. We spent $2500 or so on a new Universal Tractor in 72 and got three times that for trade in in 98. But then trade in prices can be all smoke and mirrors too.

 

[tradosaurus]

Use the EDIT POST KEY to revise your opening post so you do not waste everyone's time.

I made a mistake earlier: I meant the L3940, which I'm comparing against the L4330.

I need my 2 seconds of time back that an extra sentence cost me. :laughing:

 

[mikester]

The only depreciation curve that counts for anything is what the government allows you to write off against your income taxes. Unless you are a used equipment trader, everything else is a paper exercise and a simple waste of effort. For the average homeowner depreciation is what you PAID for the tractor less the SELLING cost.

 

[Zebrafive]

Depreciation curve? Or appreciation curve?

I bought my old John Deere 2020 (early 60s model) in 1997 at a farm auction for $7000. TractorData has that model selling for $5800 new. Old Ford 8Ns and 9Ns are selling for around $4000 around here!

I have a 1974 model year JD 2030 purchased at 20 years old in 1994. I am guessing I paid more than the original owner. Now 26 years later I would NOT sell it for what I paid for it.

 

[CADplans]

I have a 1974 model year JD 2030 purchased at 20 years old in 1994. I am guessing I paid more than the original owner. Now 26 years later I would NOT sell it for what I paid for it.

This tractor was 20 years old when I purchased it,, 21 years ago,, I paid $5,000,,,

Could I get that much for it today? ,,, or has it depreciated?? :laughing:

 

[Industrial Toys]

I like it. That's the perfect tractor for 98% of the people. IMO. That back wheel just screams tractive ability. Hey, that's what a "tractor" is supposed to have, isn't it?

 

[CADplans]

I like it. That's the perfect tractor for 98% of the people. IMO. That back wheel just screams tractive ability. Hey, that's what a "tractor" is supposed to have, isn't it?

It has been my best equipment purchase,, ever,,

I used the 584 from 10 a.m. 'til 4:30 yesterday afternoon,, it was a fun day!!

 

[fried1765]

Just don't try and sell a very little usd tractor and expect people to jump on it for near new price. A few factors are at play that make that difficult.

I am not even remotely interested in selling, but I do believe that my 2006 L48 TLB with 250 orig. owner hours, may actually be worth a little more than the $32K I paid for it exactly one year ago.
A new, L47 TLB similarly equipped, is $64K+. The L47 TLB will not dig as deep, and is Tier IV.

 

[deezler]

^ I'd wager so, fried.

I snagged my used, 2001 Cub Cadet 7305 for just $10k 7 years ago. (Same tractor as a mahindra 3015, made by Mitsubishi). I've taken it from ~180 to ~700 hours but am quite sure I could still sell it for $10k (especially with some attachments thrown in).

Any new-ish tractor, subtract a couple grand right away for putting on the first scratches and using up some of the warranty. But the depreciation is slow as molasses after that for anything well kept.